Scottsdale Ranch Feb. 10

Scottsdale Ranch Market Report

Each issue we will report on the previous period’s activity. This issue reflects activity for November and December of 2009.

• There are currently 77 Active Listings in Scottsdale Ranch up from 76 in last month’s report and 65 and 68 in the previous two reports.

• For November/December the average square footage price for Active Listings was $245.84. This is an interesting change in direction when you look at the last five periods of $230.89, $248.88, $244.32, $240.71 and $236.59.

• Another direction change was in the average square footage price for Closed Sales for November/ December. It was $194.62, up dramatically from the last report period of $182.18.

In the November/December period we had 12 Closed Sales and 17 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). For the past four periods we have reported between 20-25 in the Closed/Pending category. This last period of the year we finished stronger than in any previous two-month period of the year.

As we suggested in the last issue, “year-end” mentality is being demonstrated by the increase in closings and properties going under contract. As we enter 2010 we’re receiving mixed signals. There are lots of buyers looking at properties judging by showing reports and if we can maintain the sales pace of the last few months, we should start to climb back up as the year progresses.

As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 23 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.

www.ThePeggyRauchGroup.com

February 2010

FEATURED PROPERTIES

10390 E. Lakeview Drive #201 | Scottsdale, AZ 85258 3 Bedrooms | 3.5 Baths | 3,248 Sq. Ft. Waterfront with Wow Factor! Completely remodeled with granite, marble, stainless steel, custom lighting and plumbing fixtures, travertine flooring, and offers 3 bedrooms! Wrap-around deck with water and mountain views.

Plus private boat dock! Must see at $799,000!

What’s Cooking in Kitchen Trends?

Think Contemporary!

10193 N. 103rd St. Scottsdale, AZ 85258 3 Bedrooms | 2 Baths | 1,936 Sq, Ft. Beautifully updated with Private Pool and Water Feature, Private Boat Dock, Super Views – Great Buy at $750,000!

10390 E. Lakeview Drive #203 Scottsdale, AZ 85258 2 Bedrooms | 3 Baths | 2,578 Sq. Ft. Fabulous Penthouse with outstanding Lake and Mountain Views. Highly upgraded, views from every window - Lakefront on 3 sides - Private Boat Dock - A Steal at $775,000!!!

REAL ESTATE ACTIVITY IN

Peggy Rauch

Michael Meinerz

Peggy@PeggyRauch.com

Michael@PeggyRauch.com

602.206.3336

602.882.0075

7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.

PENDING SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. List Price 10080 E. Mountain View Lake Dr. #130 1152 / 2 / 2 $139 $160,000 9708 E. Via Linda #1311 1038 / 2 / 2 $173 $179,999 10017 E. Mountain View Rd. #1056 1708 / 2 / 2.5 $117 $200,000 10591 E. Mission Ln. 1898 / 3 / 2 $171 $325,000 10599 E. Mission Ln. 2102 / 4 / 2 $157 $330,900 10552 E. Bella Vista Dr. 1900 / 3 / 2 $210 $399,000 10451 E. Bella Vista Dr. 1769 / 3 / 2 $226 $400,000 10512 N. 97th Pl. 4502 / 5 / 3.5 $92 $414,000 10431 N. 105th Way 2262 / 3 / 2 $188 $425,000 10672 E. Mission Ln. 3739 / 5 / 3.5 $114 $427,750 10178 E. San Salvador Dr. 2968 / 4 / 3 $150 $444,900 9862 E. Doubletree Ranch Rd. 3641 / 4 / 3.5 $144 $525,000 10078 E. Turquoise Ave. 2250 / 3 / 2 $244 $550,000 10050 E. Mountain View Lake Dr. #32 2530 / 2 / 2.5 $237 $599,900 9822 E. San Salvador Dr. 3482 / 4 / 2.5 $194 $675,000 9921 E. Mission Ln. 4643 / 5 / 3.5 $151 $699,900 10152 E. Topaz Dr. 2516 / 3 / 2 $397 $999,000 CLOSED SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. Sold Price COE 10080 E. Mnt. View Lake Dr. #323 1152 / 2 / 2 $204 $235,000 12/15/09 9463 N. 105th Pl. 1610 / 3 / 2 $175 $281,000 12/21/09 9803 N. 100th Pl. 1989 / 2 / 2 $152 $302,500 12/17/09 10545 E. Bella Vista Dr. 2106 / 4 / 2 $161 $340,000 12/21/09 10545 E. Mission Ln. 2121 / 4 / 2 $170 $361,000 12/23/09 10548 E. Mission Ln. 2121 / 4 / 2.5 $215 $455,000 11/12/09 9688 E. Cinnabar Ave. 2354 / 3 / 2 $206 $485,000 12/16/09 9780 E. Gold Dust Ave. 3079 / 5 / 3.5 $158 $487,000 12/01/09 10266 E. Caron St. 2353 / 4 / 2.5 $218 $514,000 12/15/09 10447 N. 107th St. 4760 / 5 / 4 $129 $615,000 11/05/09 9180 N. 106th Pl. 4145 / 5 / 3.5 $153 $636,000 12/03/09

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Real Estate Negotiations Keeping Emotions at Bay

An Irresistible Appetizer

Modern Steak’s Seared Scallops Scottsdale Ranch’s

Hot Real Estate Listings

contemporary cabinetry and furniture in Phoenix have gained momentum,” says Rosenthal.

“The new condos and lofts that are being built [in the area] really cater to a more contemporary look. The architecture of the buildings is much more modern looking. And the trend has taken hold in more traditional communities as well.” But is it possible to put a redesigned contemporary kitchen in a Tuscan style home? Yes, says Rosenthal, by mixing a combination of materials so the styles blend. The result is a fresh, eclectic look.

Featuring Modern Steak 7014 E. Camelback Rd. Scottsdale • 480.423.7000 or foxrc.com

Day Boat Scallops with Clementine Vinaigrette & Roasted Salsify 2-3 lbs. Day Boat Scallops

1/4 lb. Watercress Leaves for Garnish Clementine Vinaigrette (see recipe below) Roasted Salsify (see recipe below) CLEMENTINE VINAIGRETTE: 1 1/2 cups Clementine Juice

1/3 cup Champagne Vinegar 3 Tbs. Honey 1/2 cup Oil Blend Salt to taste

1. Combine Clementine juice, Champagne vinegar, honey and salt in a sauce pan. Bring to a simmer.

2. Reduce to a syrup consistency. Cool in an ice bath.

3. Add the syrup to a blender and slowly add the oil to emulsify.

ROASTED SALSIFY: 2 lbs. Salsify 1. Peel salsify with a vegetable peeler and cut into 2-inch segments.

2. Lightly toss salsify in extra virgin olive oil and kosher salt.

3. Roast in a 375 degree oven until caramelized and tender.

4. Let cool at room temperature.

TO ASSEMBLE THE DISH: 1. Sear the scallops in a small amount of olive oil until caramelized and cooked to desired degree of doneness.

2. Heat the salsify in a small amount of olive oil.

3. Place scallops on the plates, drizzle the Clementine vinaigrette over the scallops.

4. Place a few watercress leaves atop the scallops.

Serves 4-6

Wondering what’s new for contemporary kitchen design in 2010 and beyond? Does stainless steel still reign supreme for appliances (the answer is yes!), what woods are all the rage (think dark and exotic), and what are the hottest trends in our not-so-hot economy (two words: cabinet refacing)? Who better to speak with than Allan Rosenthal of European Design in Scottsdale. Rosenthal is well-known in our area for amazing contemporary interiors … see the cover photo for proof.

A MOVEMENT TOWARDS CONTEMPORARY A change in overall style is definitely afoot, says Rosenthal, who sees a shift away from the once-popular Tuscan style toward a more contemporary look. “The last couple of years,

TODAY’S HOT TRENDS More specifically, Rosenthal sees a trend toward darker materials and exotic woods for kitchen cabinetry. Some examples include block-mottled Makore, flat-cut Wenge, Bubinga, Swiss Pearwood, figured Anigre, block-mottled Anigre, and Claro Walnut. More linear woods include rift-sawn white Oak, which is available in a man-made “green” material; rift-sawn Wenge; Macasar Ebony, also available in a man-made “green” material; quartered Ash; ribbon Sapele; and Kosipo. That said, environmentally safe green designs are also getting people’s attention.

As for appliances, stainless steel is still popular, with beautiful stainless faucets and fixtures getting fancier than ever. Integrated appliances—when the refrigerator and dishwasher disappear into the cabinetry and the fronts are all flush—are also in demand. “We’ve done kitchens where it’s hard to tell a refrigerator is a refrigerator,” adds Rosenthal.

For countertops, granite is still a mainstay, but the more eco-friendly and cost-effective concrete is gaining in popularity, especially in today’s economy. “People are looking for alternatives and looking for things that are environmentally friendly,” says Rosenthal.

“Concrete is definitely an option for that. You’d be amazed at what can be done with concrete. You can do an integrated sink and an integrated dish-drying area and it’s a seamless look. Even though it’s an older material, concrete has a futuristic look. The designers mix glass and color into the concrete. What they do with it is mind boggling.”

Rosenthal will also incorporate lighting into his cabinetry, with under-cabinet lighting being very popular. “We’ve also done a lot of light bridges that run across the upper cabinetry and around the whole room,” he says. “That really adds a lot of character and shows off the wood. It gives a three-dimensional look to the exotic woods.”

AMAZING TRANSFORMATIONS One final trend Rosenthal is seeing? A lot of people are remodeling in preparation of listing their property to sell. “We’re getting a lot of calls for kitchens,” he says. “We can take an existing kitchen and reface it. We’ve transformed kitchens that just looked unbelievably bad and used the existing boxes and put new fronts and sides on them and the transformation is amazing.”

Keep Emotions Suppressed & Negotiations on Track!

Selling your home can be a nerve-wracking experience.

After all, your home is more than stucco and stones to you.

It’s the place you’ve spent holidays and perhaps raised children. It’s the place you’ve decorated and loved for many years. Now it’s time to sell your nest and the potential buyers are trying to nickel and dime their way to a rock-bottom price. In your eyes, the listing price is fair if not undervalued.

It’s hard not to get emotional. On the flip side, if you’re the home buyer and you’ve finally found the house of your dreams, it’s hard not to let your emotions ruin the negotiations as well. After all, you don’t want to let this one get away. You also don’t want to overpay. On either side of the negotiating table, it’s important not to tie your emotions to this business transaction.

Both home sellers and home buyers need to be careful not to let their feelings interfere with the negotiating process.

Emotions can often cause small, easily settled disputes to escalate into deal-breakers. Feelings of anger, fear, agitation, distrust, disappointment or disrespect may arise in a real estate transaction from either party. When people feel that their interests are threatened, or that their wishes are not being heard, it’s human nature to want to lash out in response.

However, it’s almost always best to keep emotions at bay. One of the first steps to managing your emotions is to acknowledge them. Discuss these feelings with your Realtor.

Trying to suppress your strong emotions completely may only lead to resentment. By letting your Realtor understand your feelings, he or she is better prepared to negotiate with the other party in a calm manner while working on your behalf.

If a party sees that the opposing side is overcome with emotions, it’s sometimes best to acknowledge this and let the other side express their feelings. A good negotiator is able to recognize anger issues before they erupt and to make small concessions in order to build trust and defuse the anger. Let the other party know that you empathize with their concerns whether you agree with them or not. The point is to provide reassurance and keep the negotiations on track.

While negative emotions can impact negotiations, so can positive emotions. Feelings of pride, joy, satisfaction and appreciation increase the likelihood that both parties will reach their goal of a win-win outcome. Let the positive emotions you feel take center stage in your negotiating. It breeds respect and the desire to work things out with the other party.

While deep in the negotiation process, it’s often easy to lose sight of your goal – to buy or sell the property at a fair price. Don’t get emotionally caught up in little things. As the saying goes, “pick your battles.” Don’t allow negative feelings to overcome logic. Is it really better that you made your point by refusing to fix a frivolous line-item on the inspection report if it means

FEBRUARY 2010 The Sleeping Beauty Symphony Hall, Feb. 11th – 14th 602.381.5155 or balletaz.org This romantic fairytale is brought to life as the beauty and grace of Ballet Arizona’s dancers bring enchantment to this wonderful story. The Sleeping Beauty has been dazzling audiences for more than 100 years, both with its timeless choreography and unforgettable score by Tchaikovsky.

Scottsdale Arabian Horse Show WestWorld, Feb. 11th – 21st 480.515.1500 or scottsdaleshow.com Since 1955 this local show has grown from just 50 to nearly 2400 horses. Owners, trainers, breeders and equine-loving spectators come from all over the world to watch and participate in this top-notch event. In addition to the competition, educational demonstrations and a shopping bazaar make this an annual must-do for many!

Mary Poppins ASU Gammage Auditorium, Feb. 11th – 28th 480.965.5062 or asugammage.com Relive this Disney classic story live. The tale begins as the magical nanny Mary Poppins floats down from the sky to bring joy and fun back into the Banks’ lives.

Including many familiar songs we all know and love such as A Spoonful of Sugar and the impossible word Supercalifragilisticexpialidocious, this wonderful musical will leave you happily humming and tapping your toes.

Phoenix Home and Garden’s Arizona Style Showplace Scottsdale Quarter, Feb. 12th – 14th 480.664.3960 or phgmag.com/azstyle Celebrating their 30th anniversary, Phoenix Home and Garden magazine brings Arizona Style to you with this exciting three-day event. Guests will explore 70,000 square feet of inspiring design, home and garden exhibitions and showcases. Gather innovative ideas and listen to seminars throughout the day as experts highlight trends and trade secrets for creating inviting spaces in and around your home.

Enchanted Kingdom Luncheon and Fashion Show Arizona Biltmore, Feb. 20th 480.922.8212 or childhelp.org Be a part of this magical afternoon all in support of a heart-warming cause. Begin with many fun activities such as photos in Cinderella’s horse-drawn carriage and a treasure chest raffle. Later sit down to a fabulous lunch and children’s fashion show. Childhelp Wings is a non-profit organization dedicated to helping victims of child abuse and at-risk children by providing prevention, treatment and community outreach.

your home is back on the market? And finally, remember to keep a level head. No matter how you might be feeling, work to close the transaction successfully. Truly, that’s the most important thing here.

Phoenix Suns vs. LA Clippers US Airways Center, Feb. 26th 602.379.7867 or usairwayscenter.com Cheer on our own Phoenix Suns as they slam-dunk their way into victory against the LA Clippers. The Suns have started this season with a bang, so let’s help them to continue this streak and play their way into the NBA Championship. Go Suns!

contemporary cabinetry and furniture in Phoenix have gained momentum,” says Rosenthal.

“The new condos and lofts that are being built [in the area] really cater to a more contemporary look. The architecture of the buildings is much more modern looking. And the trend has taken hold in more traditional communities as well.” But is it possible to put a redesigned contemporary kitchen in a Tuscan style home? Yes, says Rosenthal, by mixing a combination of materials so the styles blend. The result is a fresh, eclectic look.

Featuring Modern Steak 7014 E. Camelback Rd. Scottsdale • 480.423.7000 or foxrc.com

Day Boat Scallops with Clementine Vinaigrette & Roasted Salsify 2-3 lbs. Day Boat Scallops

1/4 lb. Watercress Leaves for Garnish Clementine Vinaigrette (see recipe below) Roasted Salsify (see recipe below) CLEMENTINE VINAIGRETTE: 1 1/2 cups Clementine Juice

1/3 cup Champagne Vinegar 3 Tbs. Honey 1/2 cup Oil Blend Salt to taste

1. Combine Clementine juice, Champagne vinegar, honey and salt in a sauce pan. Bring to a simmer.

2. Reduce to a syrup consistency. Cool in an ice bath.

3. Add the syrup to a blender and slowly add the oil to emulsify.

ROASTED SALSIFY: 2 lbs. Salsify 1. Peel salsify with a vegetable peeler and cut into 2-inch segments.

2. Lightly toss salsify in extra virgin olive oil and kosher salt.

3. Roast in a 375 degree oven until caramelized and tender.

4. Let cool at room temperature.

TO ASSEMBLE THE DISH: 1. Sear the scallops in a small amount of olive oil until caramelized and cooked to desired degree of doneness.

2. Heat the salsify in a small amount of olive oil.

3. Place scallops on the plates, drizzle the Clementine vinaigrette over the scallops.

4. Place a few watercress leaves atop the scallops.

Serves 4-6

Wondering what’s new for contemporary kitchen design in 2010 and beyond? Does stainless steel still reign supreme for appliances (the answer is yes!), what woods are all the rage (think dark and exotic), and what are the hottest trends in our not-so-hot economy (two words: cabinet refacing)? Who better to speak with than Allan Rosenthal of European Design in Scottsdale. Rosenthal is well-known in our area for amazing contemporary interiors … see the cover photo for proof.

A MOVEMENT TOWARDS CONTEMPORARY A change in overall style is definitely afoot, says Rosenthal, who sees a shift away from the once-popular Tuscan style toward a more contemporary look. “The last couple of years,

TODAY’S HOT TRENDS More specifically, Rosenthal sees a trend toward darker materials and exotic woods for kitchen cabinetry. Some examples include block-mottled Makore, flat-cut Wenge, Bubinga, Swiss Pearwood, figured Anigre, block-mottled Anigre, and Claro Walnut. More linear woods include rift-sawn white Oak, which is available in a man-made “green” material; rift-sawn Wenge; Macasar Ebony, also available in a man-made “green” material; quartered Ash; ribbon Sapele; and Kosipo. That said, environmentally safe green designs are also getting people’s attention.

As for appliances, stainless steel is still popular, with beautiful stainless faucets and fixtures getting fancier than ever. Integrated appliances—when the refrigerator and dishwasher disappear into the cabinetry and the fronts are all flush—are also in demand. “We’ve done kitchens where it’s hard to tell a refrigerator is a refrigerator,” adds Rosenthal.

For countertops, granite is still a mainstay, but the more eco-friendly and cost-effective concrete is gaining in popularity, especially in today’s economy. “People are looking for alternatives and looking for things that are environmentally friendly,” says Rosenthal.

“Concrete is definitely an option for that. You’d be amazed at what can be done with concrete. You can do an integrated sink and an integrated dish-drying area and it’s a seamless look. Even though it’s an older material, concrete has a futuristic look. The designers mix glass and color into the concrete. What they do with it is mind boggling.”

Rosenthal will also incorporate lighting into his cabinetry, with under-cabinet lighting being very popular. “We’ve also done a lot of light bridges that run across the upper cabinetry and around the whole room,” he says. “That really adds a lot of character and shows off the wood. It gives a three-dimensional look to the exotic woods.”

AMAZING TRANSFORMATIONS One final trend Rosenthal is seeing? A lot of people are remodeling in preparation of listing their property to sell. “We’re getting a lot of calls for kitchens,” he says. “We can take an existing kitchen and reface it. We’ve transformed kitchens that just looked unbelievably bad and used the existing boxes and put new fronts and sides on them and the transformation is amazing.”

Keep Emotions Suppressed & Negotiations on Track!

Selling your home can be a nerve-wracking experience.

After all, your home is more than stucco and stones to you.

It’s the place you’ve spent holidays and perhaps raised children. It’s the place you’ve decorated and loved for many years. Now it’s time to sell your nest and the potential buyers are trying to nickel and dime their way to a rock-bottom price. In your eyes, the listing price is fair if not undervalued.

It’s hard not to get emotional. On the flip side, if you’re the home buyer and you’ve finally found the house of your dreams, it’s hard not to let your emotions ruin the negotiations as well. After all, you don’t want to let this one get away. You also don’t want to overpay. On either side of the negotiating table, it’s important not to tie your emotions to this business transaction.

Both home sellers and home buyers need to be careful not to let their feelings interfere with the negotiating process.

Emotions can often cause small, easily settled disputes to escalate into deal-breakers. Feelings of anger, fear, agitation, distrust, disappointment or disrespect may arise in a real estate transaction from either party. When people feel that their interests are threatened, or that their wishes are not being heard, it’s human nature to want to lash out in response.

However, it’s almost always best to keep emotions at bay. One of the first steps to managing your emotions is to acknowledge them. Discuss these feelings with your Realtor.

Trying to suppress your strong emotions completely may only lead to resentment. By letting your Realtor understand your feelings, he or she is better prepared to negotiate with the other party in a calm manner while working on your behalf.

If a party sees that the opposing side is overcome with emotions, it’s sometimes best to acknowledge this and let the other side express their feelings. A good negotiator is able to recognize anger issues before they erupt and to make small concessions in order to build trust and defuse the anger. Let the other party know that you empathize with their concerns whether you agree with them or not. The point is to provide reassurance and keep the negotiations on track.

While negative emotions can impact negotiations, so can positive emotions. Feelings of pride, joy, satisfaction and appreciation increase the likelihood that both parties will reach their goal of a win-win outcome. Let the positive emotions you feel take center stage in your negotiating. It breeds respect and the desire to work things out with the other party.

While deep in the negotiation process, it’s often easy to lose sight of your goal – to buy or sell the property at a fair price. Don’t get emotionally caught up in little things. As the saying goes, “pick your battles.” Don’t allow negative feelings to overcome logic. Is it really better that you made your point by refusing to fix a frivolous line-item on the inspection report if it means

FEBRUARY 2010 The Sleeping Beauty Symphony Hall, Feb. 11th – 14th 602.381.5155 or balletaz.org This romantic fairytale is brought to life as the beauty and grace of Ballet Arizona’s dancers bring enchantment to this wonderful story. The Sleeping Beauty has been dazzling audiences for more than 100 years, both with its timeless choreography and unforgettable score by Tchaikovsky.

Scottsdale Arabian Horse Show WestWorld, Feb. 11th – 21st 480.515.1500 or scottsdaleshow.com Since 1955 this local show has grown from just 50 to nearly 2400 horses. Owners, trainers, breeders and equine-loving spectators come from all over the world to watch and participate in this top-notch event. In addition to the competition, educational demonstrations and a shopping bazaar make this an annual must-do for many!

Mary Poppins ASU Gammage Auditorium, Feb. 11th – 28th 480.965.5062 or asugammage.com Relive this Disney classic story live. The tale begins as the magical nanny Mary Poppins floats down from the sky to bring joy and fun back into the Banks’ lives.

Including many familiar songs we all know and love such as A Spoonful of Sugar and the impossible word Supercalifragilisticexpialidocious, this wonderful musical will leave you happily humming and tapping your toes.

Phoenix Home and Garden’s Arizona Style Showplace Scottsdale Quarter, Feb. 12th – 14th 480.664.3960 or phgmag.com/azstyle Celebrating their 30th anniversary, Phoenix Home and Garden magazine brings Arizona Style to you with this exciting three-day event. Guests will explore 70,000 square feet of inspiring design, home and garden exhibitions and showcases. Gather innovative ideas and listen to seminars throughout the day as experts highlight trends and trade secrets for creating inviting spaces in and around your home.

Enchanted Kingdom Luncheon and Fashion Show Arizona Biltmore, Feb. 20th 480.922.8212 or childhelp.org Be a part of this magical afternoon all in support of a heart-warming cause. Begin with many fun activities such as photos in Cinderella’s horse-drawn carriage and a treasure chest raffle. Later sit down to a fabulous lunch and children’s fashion show. Childhelp Wings is a non-profit organization dedicated to helping victims of child abuse and at-risk children by providing prevention, treatment and community outreach.

your home is back on the market? And finally, remember to keep a level head. No matter how you might be feeling, work to close the transaction successfully. Truly, that’s the most important thing here.

Phoenix Suns vs. LA Clippers US Airways Center, Feb. 26th 602.379.7867 or usairwayscenter.com Cheer on our own Phoenix Suns as they slam-dunk their way into victory against the LA Clippers. The Suns have started this season with a bang, so let’s help them to continue this streak and play their way into the NBA Championship. Go Suns!

Scottsdale Ranch Market Report

Each issue we will report on the previous period’s activity. This issue reflects activity for November and December of 2009.

• There are currently 77 Active Listings in Scottsdale Ranch up from 76 in last month’s report and 65 and 68 in the previous two reports.

• For November/December the average square footage price for Active Listings was $245.84. This is an interesting change in direction when you look at the last five periods of $230.89, $248.88, $244.32, $240.71 and $236.59.

• Another direction change was in the average square footage price for Closed Sales for November/ December. It was $194.62, up dramatically from the last report period of $182.18.

In the November/December period we had 12 Closed Sales and 17 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). For the past four periods we have reported between 20-25 in the Closed/Pending category. This last period of the year we finished stronger than in any previous two-month period of the year.

As we suggested in the last issue, “year-end” mentality is being demonstrated by the increase in closings and properties going under contract. As we enter 2010 we’re receiving mixed signals. There are lots of buyers looking at properties judging by showing reports and if we can maintain the sales pace of the last few months, we should start to climb back up as the year progresses.

As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 23 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.

www.ThePeggyRauchGroup.com

February 2010

FEATURED PROPERTIES

10390 E. Lakeview Drive #201 | Scottsdale, AZ 85258 3 Bedrooms | 3.5 Baths | 3,248 Sq. Ft. Waterfront with Wow Factor! Completely remodeled with granite, marble, stainless steel, custom lighting and plumbing fixtures, travertine flooring, and offers 3 bedrooms! Wrap-around deck with water and mountain views.

Plus private boat dock! Must see at $799,000!

What’s Cooking in Kitchen Trends?

Think Contemporary!

10193 N. 103rd St. Scottsdale, AZ 85258 3 Bedrooms | 2 Baths | 1,936 Sq, Ft. Beautifully updated with Private Pool and Water Feature, Private Boat Dock, Super Views – Great Buy at $750,000!

10390 E. Lakeview Drive #203 Scottsdale, AZ 85258 2 Bedrooms | 3 Baths | 2,578 Sq. Ft. Fabulous Penthouse with outstanding Lake and Mountain Views. Highly upgraded, views from every window - Lakefront on 3 sides - Private Boat Dock - A Steal at $775,000!!!

REAL ESTATE ACTIVITY IN

Peggy Rauch

Michael Meinerz

Peggy@PeggyRauch.com

Michael@PeggyRauch.com

602.206.3336

602.882.0075

7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.

PENDING SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. List Price 10080 E. Mountain View Lake Dr. #130 1152 / 2 / 2 $139 $160,000 9708 E. Via Linda #1311 1038 / 2 / 2 $173 $179,999 10017 E. Mountain View Rd. #1056 1708 / 2 / 2.5 $117 $200,000 10591 E. Mission Ln. 1898 / 3 / 2 $171 $325,000 10599 E. Mission Ln. 2102 / 4 / 2 $157 $330,900 10552 E. Bella Vista Dr. 1900 / 3 / 2 $210 $399,000 10451 E. Bella Vista Dr. 1769 / 3 / 2 $226 $400,000 10512 N. 97th Pl. 4502 / 5 / 3.5 $92 $414,000 10431 N. 105th Way 2262 / 3 / 2 $188 $425,000 10672 E. Mission Ln. 3739 / 5 / 3.5 $114 $427,750 10178 E. San Salvador Dr. 2968 / 4 / 3 $150 $444,900 9862 E. Doubletree Ranch Rd. 3641 / 4 / 3.5 $144 $525,000 10078 E. Turquoise Ave. 2250 / 3 / 2 $244 $550,000 10050 E. Mountain View Lake Dr. #32 2530 / 2 / 2.5 $237 $599,900 9822 E. San Salvador Dr. 3482 / 4 / 2.5 $194 $675,000 9921 E. Mission Ln. 4643 / 5 / 3.5 $151 $699,900 10152 E. Topaz Dr. 2516 / 3 / 2 $397 $999,000 CLOSED SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. Sold Price COE 10080 E. Mnt. View Lake Dr. #323 1152 / 2 / 2 $204 $235,000 12/15/09 9463 N. 105th Pl. 1610 / 3 / 2 $175 $281,000 12/21/09 9803 N. 100th Pl. 1989 / 2 / 2 $152 $302,500 12/17/09 10545 E. Bella Vista Dr. 2106 / 4 / 2 $161 $340,000 12/21/09 10545 E. Mission Ln. 2121 / 4 / 2 $170 $361,000 12/23/09 10548 E. Mission Ln. 2121 / 4 / 2.5 $215 $455,000 11/12/09 9688 E. Cinnabar Ave. 2354 / 3 / 2 $206 $485,000 12/16/09 9780 E. Gold Dust Ave. 3079 / 5 / 3.5 $158 $487,000 12/01/09 10266 E. Caron St. 2353 / 4 / 2.5 $218 $514,000 12/15/09 10447 N. 107th St. 4760 / 5 / 4 $129 $615,000 11/05/09 9180 N. 106th Pl. 4145 / 5 / 3.5 $153 $636,000 12/03/09

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Real Estate Negotiations Keeping Emotions at Bay

An Irresistible Appetizer

Modern Steak’s Seared Scallops Scottsdale Ranch’s

Hot Real Estate Listings